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The graphs below show the production possibilities frontiers for apples and peaches in Italy and Turkey, with their current levels of production marked as points
The graphs below show the production possibilities frontiers for apples and peaches in Italy and Turkey, with their current levels of production marked as points A and B. a. Use the graphs to indicate how each nation would specialize, assuming complete specialization in both nations according to their respective comparative advantage. Instructions: In each graph, use the tool provided "Specialize" to indicate the production combination for each nation after specialization (plot 1 point only on each graph).
Italy's Production Possibilities 4.0 Tools 3.6 3.2 Specialize 2.8 2.4 A Apples (millions of tons) 2.0 1.6 1.2 0.8 0.4 0. 4 4.4 5. Peaches (millions of tons)Apples (millions of tons) Turkey's Production Possibilities 0.4 0.8 1.2 Peaches (millions of tons) 1.6 Tools Specialize Italy's Production Possibilities Tools 4.0 3.6 After Trade 3.2 2.8 A 2.4 Apples (millions of tons) 2.0 1.6 1.2 0.8 0.4 0 0.8 4.8 0.4 16 Peaches (millions of tons)Step by Step Solution
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